NFI Group Inc T.NFI

Alternate Symbol(s): NFYEF | T.NFI.DB

Industrials

NFI Group Inc. is a Canada-based independent bus and coach manufacturer. The Company specializes in zero-emission electric mass mobility solutions. Its segments include Manufacturing Operations and Aftermarket Operations. Manufacturing Operations segment includes design, manufacture, service and support of new transit buses, motor coaches, medium-duty, cutaway buses, and installation of infrastructure for electric vehicles and fiberglass reinforced polymer components. It offers aftermarket parts for transit buses, coaches and medium duty/cutaway buses, both for the Company's and third-party products. It offers a range of sustainable drive systems, including zero-emission electric (trolley, battery, and fuel cell), natural gas, electric hybrid, and clean diesel. The Company's brands include New Flyer (heavy-duty transit buses), MCI (motor coaches), Alexander Dennis Limited (single- and double-deck buses), Plaxton (motor coaches), and ARBOC (low-floor cutaway and medium-duty buses).

TSX:NFI - Post by User

NFI Group Inc > Set your alarm clock

<< Previous

Bullboard Posts

Next >>

Comment by TELEMARKERon Nov 08, 2023 8:29am

157 Views

Post# 35723148

RE:Set your alarm clock

2023 Q3 revenue of $710 million; 1,051 equivalent units ("EUs") delivered, up 34% from 2022 Q3, with 23% of deliveries being battery- and fuel cell-electric buses ("ZEBs").
Net loss of $40 million; Net loss per Share of $0.42, and Adjusted Net Loss per Share2 of $0.41; 2023 Q3 Adjusted EBITDA2 of $11 million.
Ending liquidity2 position of $170 million.
Ending total backlog2 position (both firm and options) of 9,556 EUs (valued at $6.6 billion); ZEB backlog2 now 3,456 EUs, or 36%, of total backlog2.
Active North American public Total Bid Universe4 ended at 10,361 EUs, up 3% year-over-year; ZEBs now represent 52% of the Total Bid Universe.
Updated financial guidance for Fiscal 2023 for revenue of $2.7 to $2.8 billion and Adjusted EBITDA2 of $45 to $65 million; other elements remain unchanged.
Completed NFI's comprehensive refinancing plan ("Refinancing Plan") in August 2023.